Single-Family Homes for Rent in Morro Bay, CA

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What to Know About

Life in Morro Bay & Beyond

Morro Bay shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

Morro Bay, CA

As of April 2025, Morro Bay's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Morro Bay's average rent is 8.0% ($197) lower than the California average of $2,463 and 26.0% ($467) higher than the U.S. average of $1,799.

Average Rent
$2,266
Monthly ChangeMonth Over Month Change
Increased1.7% ($37)
Yearly ChangeYear Over Year Change
Decreased8.1% ($199)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,829 Decreased0.4% ($7) Decreased3.4% ($65)
2 Beds $2,486 Decreased3.5% ($89) Decreased3.8% ($99)
3 Beds $3,171 Decreased2.9% ($95) Decreased10.7% ($379)
Nearby Cities Average Rent Avg. Rent vs. Morro BayAverage Rent vs. Morro Bay Avg. Days on MarketAverage Days on Market
Los Osos $2,935 Increased29.5% ($669) 28 days
Atascadero $2,537 Increased12% ($271) 26 days
San Luis Obispo $2,457 Increased8.4% ($191) 27 days
Pismo Beach $3,407 Increased50.4% ($1141) 26 days
Paso Robles $2,591 Increased14.3% ($325) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Morro Bay Rental Market FAQs

Explore rental prices, market trends, and availability in Morro Bay, CA.

The average rent in Morro Bay, CA is $2,266 per month.
Houses in Morro Bay typically rent for between $1,280 and $4,122 per month, with an average of $2,266 per month.
In Morro Bay, the average rent for a 1-bedroom house is $1,829 per month, for a 2-bedroom house, $2,486 per month, and a 3-bedroom house is $3,171 per month.
The average rent in Morro Bay is 26% ($467) higher than the national average of $1,799 per month.
The average rent in Morro Bay has increased by 1.7% ($37) in the last month and decreased by 8.1% ($199) over the past year.
The rental market in Morro Bay, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Morro Bay, CA, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 10 rental properties available in Morro Bay, CA.
Based on the current averages, a household would need an annual income of $99,440 to comfortably afford a 2-bedroom house in Morro Bay.
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